BitOasis multisignature wallet security

Your digital assets are protected with three independent keysproviding you with the highest level of security.

User/BitOasis Key

Your first key is stored securely by BitOasis and protected with password/2FA.
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Signing a transaction with this key is not enough to spend your digital assets. All spent transactions must be signed by at least two keys to be authorized. BitOasis will sign using this key when you log in and initiate a spend or sell transaction from your account. Once signed, BitOasis sends your transaction to BitGo for security verification. Signing with this key alone is not enough to spend your digital assets. A signature from a second key is required to complete the transaction.
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Independent Security Key

Your second key is stored securely by BitGo, who will also perform necessary security and fraud prevention checks.
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As a co-signer, BitGo receives your transaction signed by BitOasis and performs the necessary security and fraud checks to protect your holdings and counter-signs with the second key. If the transaction looks suspicious, you will receive an automated phone call asking you to confirm and approve the transaction.
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Recovery Key

Your third key is used to recover your funds in case of a service compromise.
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The safeguarding of your recovery key will be managed by an independent legal firm. Unlike other digital asset wallets, BitOasis does not require you to print and secure the Recovery key. We understand that this can be cumbersome and is prone to loss or theft. Instead, an independent legal firm will manage the protection of the Recovery key. In case of an emergency or any service compromise, the lawyer will oversee the process of returning all digital assets to owners.
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Why use BitOasis?

Easy to Use

You can start to send and receive digital assets in minutes. All you need is your email and mobile phone number.

Multisignature Protection

We use advanced Multi-Signature technology to protect your assets adding an extra layer of security.

Fraud Prevention

We call you to confirm any high risk or large transactions before we move any of your digital assets.

Transparency

All your funds and transactions are posted directly on the blockchain, where you can easily verify your holdings.

Legal Council

We work closely with a highly reputable legal council to ensure stable operations and regulatory compliance.

Local Company

BitOasis plans to be the first digital assets company in MENA to be registered in a major technology center in the region.